Friday, July 10, 2020

Zimbabwe's clock ticking towards immense crisis

Via Lew


Cathy Buckle has opined the following opinion piece in which she said immense crisis looms in Zimbabwe as the beleaguered Southern African nation battles a myriad of socio-economic problems.

On these late winter mornings, you don’t have to listen hard to hear Zimbabwe’s clock ticking towards an immense crisis. Civil servants at ground level: teachers, nurses, security personnel, clerical and office workers are barely surviving, earning a basic salary now worth the equivalent of less than one US dollar a day. As I write the official exchange rate is ZWL$65.8 to US$1; the black market rate is ZWL$110 to US$1. Johns Hopkins Economist Steve Hanke estimates our annual inflation to now be over one thousand percent, 1,191% to be precise.

More @ Zim Eye

5 comments:

  1. I missed the part where I'm supposed to care. Zimbabwe freed themselves from colonialists. This is what they asked for.

    --generic

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  2. sounds like every city in the USA run by a demo dumb ass

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  3. Africa is one of evolution's failed experiments. Another is multiculturism and yet another is Islam. The cumulative effect is chaos and conflict and the only viable solution is separation followed by eternal quarantine.

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